Business

Turkey claims social media accounts are 'provoking' crash of the lira

Turkey claims social media accounts are 'provoking' crash of the lira The Dow Jones Industrial Average closed 0.5 per cent lower to close at 25,188, the S&P 500 fell 0.4 per cent to close at 2,822 and the NASDAQ lost 0.3 per cent to close at 7820. The already embattled Turkish lira tumbled some 16 percent to new record lows against the dollar on Friday as US President Donald Trump said he had doubled steel and aluminum tariffs on Turkey . [Full Article...]

Turkey: US won't achieve aims through sanctions

Turkey: US won't achieve aims through sanctions One lira traded as low as $7.24 by Monday afternoon, half of its value from a year ago. Stock markets have been shaken by Turkey's currency crisis. He has been detained for almost two years, accused of links to the outlawed Kurdistan Workers' Party and the Gulenist movement, which Turkey blames for a failed coup in 2016. [Full Article...]

Officials find human remains in wreckage of crashed plane stolen from airport

Officials find human remains in wreckage of crashed plane stolen from airport The Pierce County Medical Examiner's Office confirmed on Sunday that Russell had died in the fiery wreckage, adding that whether the crash was deliberate or accidental was still unknown. Russell flew for about an hour, talking periodically with air traffic controllers and making turns and even some aerobatic maneuvers as two armed F-15 jets followed him, officials said. [Full Article...]

Hundreds injured as festival platform collapses into sea in Vigo, northwest Spain

Hundreds injured as festival platform collapses into sea in Vigo, northwest Spain At least five were seriously injured and remain in hospital, including two minors. It added that some affected suffered traumatic brain injuries, but did not specify their age or genders. Witnesses told Spanish media that people struggled to scramble for safety from under the debris of the structure. "I got my foot stuck". A boy gave me his hand and I got out. [Full Article...]

Mystery surrounds why worker stole plane before crashing to his death

Mystery surrounds why worker stole plane before crashing to his death The local sheriff described him as "suicidal". The man could be heard on audio recordings telling air traffic controllers that he is "just a broken guy ". The flight lasted 90 minutes and the crash site is on Ketron Island, a sparsely populated area in Puget Sound. No one outside the plane was injured, officials said. [Full Article...]

Asian shares, euro trampled as Turkish rout spreads

Asian shares, euro trampled as Turkish rout spreads Erdogan reiterated on Monday his view that the currency's crash had no economic basis, saying that US sanctions imposed on Turkey over the terrorism trial of the pastor, Andrew Brunson, represented a "stab in the back" by a North Atlantic Treaty Organisation ally. [Full Article...]

World stocks hit one-month low as Turkish rout spreads

World stocks hit one-month low as Turkish rout spreads The lira has dropped some 45 percent this year. "From Monday morning onwards our institutions will take the necessary steps and will share the announcements with the market ", Albayrak said , without giving details on what the steps would be. [Full Article...]

Saudi Arabia's sovereign wealth fund looking to take Tesla private

Saudi Arabia's sovereign wealth fund looking to take Tesla private Saudi Arabia's sovereign wealth fund has been pushing to take electric auto maker Tesla private in talks with chief executive officer Elon Musk dating back almost two years and also backed the deal last week, Musk said in a blog post on Monday. [Full Article...]

Why is the man who built Tesla’s Model 3 returning to Apple?

Why is the man who built Tesla’s Model 3 returning to Apple? Former Apple executive Doug Field's return from Tesla to Apple has fueled speculation of the company's expected efforts in the field of self-driving automobiles. An Apple statement to Tech Crunch confirmed that Field is back with the company, but did not explain his role. In July, Field officially left the company . [Full Article...]

Turkish central bank tries to contain currency crisis that affected Asian markets

Turkish central bank tries to contain currency crisis that affected Asian markets Albayrak's comments came as his father-in-law, President Recep Tayyip Erdogan , said he was in no mood to offer concessions to the United States in one of the worst spats between the two North Atlantic Treaty Organisation allies in years. [Full Article...]

Yale University Publish Research that Might Help Predicting Bitcoin (BTC) Prices

Yale University Publish Research that Might Help Predicting Bitcoin (BTC) Prices The researches drafted a paper in which they have formulated certain parameters which can be used to predict the returns on coins like Bitcoin , XRP and Ethereum . The first trend called the "momentum effect," describes Bitcoin builds momentum if it increases sharply within a week. Being the crypto-verse a more united "community", Tsyvinski and Liu found a correlation between the prices ... [Full Article...]

Saudi fund in talks on ways to invest in Tesla buyout deal

Investors and analysts viewed PIF as a natural financing partner. It wasn't immediately clear how much the fund would invest in Tesla . Such investors have always been an irritant for Musk, who has sometimes used Twitter to criticize them. [Full Article...]

Seattle Man Dead After Stealing and Crashing Plane, Investigation Underway

Seattle Man Dead After Stealing and Crashing Plane, Investigation Underway The biggest question: How did a ground service agent - whose job includes directing planes for takeoff and gate approaches as well as baggage handling and de-icing - manage to steal a 76-seat Horizon Air turboprop and fly it for almost an hour Friday night with military jets in pursuit before plunging into a wooded island? An air traffic controller called the man "Rich", and tried to convince ... [Full Article...]

Germany says Trump's tariffs, sanctions destroy jobs and growth

Germany says Trump's tariffs, sanctions destroy jobs and growth Woody Johnson said that America's "closest ally" should reverse its position. "We are asking global Britain to use its considerable diplomatic power and influence and join us as we lead a concerted global effort towards a genuinely comprehensive agreement ". [Full Article...]

Crocs closing all its factories

Crocs closing all its factories The release also said the company's chief financial officer, Carrie Teffner, will resign. Teffner will be seeking to "pusue strategic board and advisory work", reports the Daily Mail . The company is headquartered in Niwot, Colorado, thirty miles outside of Denver. Crocs shares traded at $ 18.70 on Thursday, compared with $ 8.50 a year earlier. [Full Article...]

Erdogan Says US Set Deadline for American Pastor's Release

Turkey has drafted an action plan and its institutions will start taking necessary steps on Monday morning to ease financial markets' concerns, Finance Minister Berat Albayrak said , after the lira plunged last week. The Trump administration threatened to impose additional sanctions on Turkey if it did not meet the deadline, Erdogan said. "President Trump's refusal to accommodate Turkey is a ... [Full Article...]

Trump says progress made toward trade deal with Mexico, but warns Canada

Trump says progress made toward trade deal with Mexico, but warns Canada The renegotiation of the regional free trade deal started in August 2017 at the request of U.S. President Donald Trump , who claims the original agreement harms U.S. Before entering the meeting with Lighthizer, Guajardo was asked by reporters whether Canada would take part next week in the talks , and he said "possibly". [Full Article...]

Western Alberta unemployment rate back down to 6 per cent

Western Alberta unemployment rate back down to 6 per cent Across Canada, 54,100 jobs were added to the economy in July. It could be another push for the Bank of Canada to increase interest rates next month. Another weak point in the monthly jobs data was a 36,500 drop in goods-producing industries, including a net decline of 18,400 in manufacturing. By industry, the services sector saw the biggest gains last month with a combined net increase of 90,5... [Full Article...]

Trade Desk Stock Skyrockets on Impressive Q2 Earnings

Trade Desk Stock Skyrockets on Impressive Q2 Earnings The Trade Desk inc (NASDAQ: TTD ) now has a Weekly Volatility of 3.61% percent while its Monthly Volatility is at 4.31% percent. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink . Susquehanna Bancshares raised their price objective on Trade Desk from $81.00 to $105.00 and gave the company a "positive" rating in a research note on Thursday... [Full Article...]

Ex-Nike Employees Are Suing the Brand for Gender Discrimination

Ex-Nike Employees Are Suing the Brand for Gender Discrimination The complaint, which seeks class-action status, is led by former employees of the company's Beaverton, Oregon , headquarters, one of whom now works for rival Adidas. She resigned past year because of "the hostile work environment, HR's ineffective response to her complaints, and the lack of promotion opportunities because of her gender", according to the lawsuit. [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27  Next »